Automotive Foams Market Segments, Opportunity, Growth and Forecast By End-use Industry 2017-2025

Foams are widely used for manufacturing different interior parts of automobile offering benefits in terms of comfort and protection owing to its light weight and durability properties. One of the major applications of foams in a vehicle is the automotive seating. Flexible molded foams play an important role in the seating of automobiles and their function is to provide complete support to the occupant. Further, automotive headliners consist of a face fabric with a foam backing on it that molds to the contours of the vehicle’s roof. The panel system which uses headliner board finished with an ultra lightweight foam backed fabric has become the standard for modern vehicles. Foams are also used for noise vibration and harshness (NVH) in a vehicle as they help to keep the noise level down in the areas where air flow is strong. Additionally, foams help to protect the automotive parts from the harshness of use, environment and roadways. Light weight plastic foams helps in adding strength to the body cavities in a vehicle and increasing occupant safety. Polyurethane is one of the majorly used automotive foams in headliners and the advantages associated with this foam include easy installation, increased fuel economy, excellent thermal and sound insulation, increased comfort, high resistance to fire and light weight properties.

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The global automotive foams market is being strongly driven by the swift growth of automobile production globally owing to rising disposable income and rapid urbanization in the emerging countries of China, Japan and India.  Further, persistent research and development activities, resulting in technological breakthroughs in the area of cost effective processing and production has bolstered the growth of the automotive foams market globally in the last decade and is expected to continue in the coming years. However, adverse environmental effects and exposure risks, rising raw material costs and stringent government regulations associated to the detrimental effects of chloro-fluoro-carbons involved in manufacturing polymer foams are the major factors hindering the global market growth.

The global automotive foams market has been segmented on the basis of type into polyurethane, polyvinyl chloride, styrenic, polyolefin, melamine and others. Polyurethane is the most widely used type of automotive foams, owing to its high durability and light weight properties. However, polyolefin foams are expected to gain popularity during the forecast period as polyolefin is a versatile material and can be distinctively used in different applications in the automotive sector. In addition the market has been segregated in terms of applications into, seats, NVH, headliners, gaskets, door panels and others. The global market has also been segmented on the basis of vehicle type into passenger vehicles, light commercial vehicles and heavy commercial vehicles. The global automotive foams market has been further classified geographically into North America, Europe, Asia Pacific, South America and Middle East and Africa. North America and Europe are expected to hold substantial shares of the global market during the forecast period. However, Asia Pacific is projected to record the fastest growth rate from 2017-2025, strongly driven by the rising demand for passenger cars and heavy commercial vehicles. Moreover, several mergers and acquisitions, new product launches and rigorous research and development has led to the overall expansion of the automotive industry in this region, which in turn is set to fuel the growth of the automotive foams market in the coming years.

The global automotive foams market report is inclusive of the market share analysis of the key industry players and the report also offers a strategic overview of their market positioning, product offerings, financials, business strategies and recent developments. Some of the major players operating in the global automotive  foams market include Saint-Gobain S.A., Woodbridge Foam Corporation, Armacell International S.A., BASF SE, Johnson Controls, The DOW Chemical Company, Bridgestone Corporation, Rogers Corporation, Lear Corporation Vitafoam and Recticel among others.

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